Boston, MA -- (ReleaseWire) -- 07/28/2014 -- The energy sector will expand steadily in the short and longer term. An expansion of Slovakia's nuclear capacity will drive generation, while a steady expansion of its manufacturing sector will drive consumption. By mid-decade, Slovakia should become a net exporter of energy. However, risks remain, such as interference in pricing by the government and the rising costs of the project to build two new reactors at the Mochovce nuclear power plant. Several major investments planned for the years ahead may experience delays or fail to materialize altogether.
Key Trends And Developments
- Overall power generation is forecast to rise by 6.2% in 2016 to 24.28 TWh, and by 19.1% over the next few years to 2023, on the back of strong growth in the generation of nuclear energy and rapid growth in non-hydro renewables
- In March, the government raised objections to the European Commission's proposed cut of 40% in carbon emissions reductions by 2030 and increased use of renewable power
- In March, a gas inter-connector was opened to Hungary, ensuring the Slovakia will continue to receive gas supplies with which to generate power, despite the prospect of a suspension from its pipeline to Ukraine
- In March, negotiations with the Russian company Rosatom over the expansion of a new reactor block at the Bohunice nuclear power station collapsed following a disagreement over pricing
- In March, Rosatom announced that it would transport nuclear fuel to Slovakia by air, following a ban on the shipment of nuclear fuel cycle products by rail across Ukraine
- In April, the Slovak company Transpetrol issued a EUR9.5mn contract notice for the purchase and supply of electricity for a two-year period
- In April, Geotherm Ko?ice (a subsidiary of Slovensk? plyn?rensk? priemysel) announced that it had completed all the necessary engineering preparations for developing a 23,000 MWh geothermal station in Svinica-?urkov in eastern Slovakia
- In April 2014, shareholders
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The Slovakia Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.
The Slovakia Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.
- Use BMI's independent industry forecasts for Slovakia to test other views - a key input for successful budgeting and strategic planning in the power market
- Target business opportunities and risks Slovakia's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Slovakia
- Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.
The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.
BMI Industry Forecasts
The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:
Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.
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